People who don't want to pay an annual charge for credit cards can choose no annual fee credit cards. You may also have to pay additional fees for purchases and balance transfers. The annual fee on these cards is only justified if the rewards offered by the credit card are more valuable than the annual fee. You can earn rewards by spending a lot of money in a certain category.
Get Cash Back with Discover It(r)
The Discover it(r), cash back credit card without annual fees is the best option for people who want more from their spending. You can earn as much as 2% cashback on your purchases and payments. There is no annual fee. There is also no annual spending limit and a sign up bonus with no fees. To take advantage of the cashback match program, however, you'll need to put in some effort.
Chase Freedom Flex
The Chase Freedom Flex card without annual fee is a great choice for travelers looking to earn rewards points and have no monthly fees. The card earns 1 cent per points and can be transferred to Chase credit and airline partners for 1:1 transfers. The card has other benefits too, such as a cell phone protection plan. Cardholders who have this plan can receive up $1,000 annually in insurance in case of an emergency. This plan includes a $50deductible and allows for up to two claims each year.
Citi(r). Double Cash Card
The Citi Double Cash Card is one of the best no annual fee credit cards available today. You get 2% cash back when you purchase certain categories. For anyone who likes to earn cash back, this is a great deal. Also, the 0% APR on balance transfers is a plus. For even more cashback, combine the card with Citi Rewards Cards.
Amex EveryDay(r).
Amex EveryDay (r), no annual credit card fee, and Amex EveryDayPreferred credit cards have no annual fees. Both cards offer similar benefits and earning structures. For example, both earn two Membership Rewards points for every dollar you spend at U.S. supermarkets, and one point for every dollar spent elsewhere. Both cards offer a 20% bonus points per billing cycle, which can be converted to cash.
Bank of America Customized Cash
The Bank of America Customized Cash Card with No Annual Fee has a low annual payment and offers a generous APR. The benefits and rewards of this card are limited. Its initial APR is 0% and applies to purchases as well as balance transfers.
Hilton Honors Amex
Hilton Honors Amex is worth considering if you're a regular Hilton guest. New cardmembers will be able to earn up to 80,000 points if they spend $1,000 on eligible purchases for a limited period. These points can also be used at U.S.-based restaurants and supermarkets. The card also offers 3X points on other eligible purchases.